Beck Mack & Oliver LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 420,447 shares of the home improvement retailer’s stock after selling 13,258 shares during the period. Beck Mack & Oliver LLC’s holdings in Lowe’s Companies were worth $30,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Lowe’s Companies during the second quarter valued at $103,000. Hanson McClain Inc. increased its position in Lowe’s Companies by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 198 shares during the last quarter. North Star Investment Management Corp. increased its position in Lowe’s Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares during the last quarter. Roble Belko & Company Inc increased its position in Lowe’s Companies by 966.9% in the second quarter. Roble Belko & Company Inc now owns 1,387 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 1,257 shares during the last quarter. Finally, Invictus RG increased its position in Lowe’s Companies by 108.9% in the second quarter. Invictus RG now owns 1,473 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 768 shares during the last quarter. Institutional investors own 74.00% of the company’s stock.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 72.15 on Friday. The firm’s 50-day moving average is $72.46 and its 200 day moving average is $74.19. The stock has a market cap of $62.76 billion, a P/E ratio of 26.49 and a beta of 1.28. Lowe’s Companies, Inc. has a 52-week low of $62.62 and a 52-week high of $83.65.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The business had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Companies had a return on equity of 46.46% and a net margin of 3.91%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Analysts forecast that Lowe’s Companies, Inc. will post $3.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. Lowe’s Companies’s dividend payout ratio is presently 51.28%.

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Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Wedbush reissued a “neutral” rating and issued a $73.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, November 30th. RBC Capital Markets increased their price objective on shares of Lowe’s Companies from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, December 8th. Citigroup Inc. cut shares of Lowe’s Companies from a “buy” rating to a “neutral” rating in a research note on Monday, December 19th. Finally, Cleveland Research cut shares of Lowe’s Companies from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Lowe’s Companies has a consensus rating of “Buy” and a consensus target price of $82.19.

In related news, SVP Matthew V. Hollifield sold 2,609 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $70.29, for a total value of $183,386.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marshall A. Croom sold 6,300 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $71.52, for a total transaction of $450,576.00. Following the completion of the sale, the insider now directly owns 40,602 shares in the company, valued at approximately $2,903,855.04. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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